SpaceX Investing in xAI: Elon Musk’s Aerospace Company To Invest USD 2 Billion in His AI Startup To Compete With OpenAI, Says Report
SpaceX will reportedly invest USD 2 billion in xAI, Elon Musk’s artificial intelligence startup. The report said that the move will help xAI to compete with OpenAI. This comes after Elon musk denied needing any additional funds for xAI to reach USD 200 billion valuation.
Elon Musk's SpaceX will reportedly invest USD 2 billion into the xAI company. This comes after Elon Musk denied that xAI was seeking a USD 200 billion valuation in the next fundraising round by replying, 'We have plenty of capital. According to a report by WSJ, Elon Musk's SpaceX agreed to invest USD 2 billion in his AI startup as part of a USD 5 billion equity round. The investment move will help the company rival Sam Altman's OpenAI. X India Subscription Price Drop: Elon Musk’s Platform Slashes Prices of Its Paid Plans by 48%, Check New Subscription Costs of Basic, Premium and Premium+ Options.
SpaceX Planning to Invest USD 2 Billion in xAI
BREAKING: SpaceX to Invest $2 Billion into Elon Musk’s xAI as per WSJ. pic.twitter.com/JKm1jMvSIH
— DogeDesigner (@cb_doge) July 12, 2025
(The above story first appeared on LatestLY on Jul 13, 2025 11:47 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
